Business

Automotive

Businesses Apply for Subsidies to Buy 6,700 Electric Vehicles

Over 5,400 applications have been submitted for HUF 26.2 billion in subsidies in a scheme to support purchases of electric...

Automotive

Used Car Listings Surge in Hungary, Nearing 200,000 in Early 2025

The Hungarian used car market has shown strong activity in the first two months of the year, with approximately 155,000...

Transport

Wizz Air to Launch Budapest-Mumbai Route: Is New Delhi Next?

Hungarian low-fare carrier Wizz Air will launch a direct daily flight between Budapest and Mumbai before the end of the...

Manufacturing

Soft Drink Maker Márka Announces Revival of Traubisoda Brand

Hungarian soft drink maker Márka Üdítőgyártó has started bottling Traubisoda after signing an agreement with the owner of the local...

Tech

Hungary’s Refurbished Smartphone Market Sees Growth as Consumer Confidence Rises

The Hungarian market for refurbished smartphones continues to expand, with growing consumer confidence and an increasing preference for budget-friendly yet...

Automotive

Audi Hungaria Revenue Reaches EUR 8.611 bln in 2024

Revenue of German-owned car maker Audi Hungaria reached EUR 8.611 billion last year, the automotive company said on Tuesday, according...

Tech

Kúria Rules for Victim of Cybercrime

The Kúria, Hungary's highest court, has ruled that a Hungarian whose bank account was compromised in an online scam was...

HR

Slim Majority of Working Hungarians Received a Pay Raise in 2024

Just over half of Hungarian employees —approximately 53% — reported receiving a salary increase in 2024, according to a survey...

Deals

Masterplast to Sign Strategic Coop Agreement With Gov’t

Listed building materials maker Masterplast announced on the Budapest Stock Exchange that a strategic cooperation agreement will be concluded in...

Construction

Construction Output Volume Down Significantly in January

Construction output volume In Hungary lagged behind the previous year’s level by 9.6% in January 2025 according to raw data...

Retail

Mandatory Cap on Supermarket Profit Margins Enters Force

A mandatory 10% cap on supermarket profit margins on some 30 basic food products took effect on Monday, the Ministry...

Residential

Housing Market Tightens as Average Listing Price Reaches HUF 1.2 mln/sqm in Budapest

Finding a livable home in Budapest for HUF 40 million is becoming increasingly difficult, as average listing price per sqm...

Science

QS World University Rankings by Subject: Corvinus Keeps Top Position in Hungary 

In the field of social sciences and management—improving in several categories—Corvinus Uni continues to hold the top position among Hungarian...

Automotive

MBH: Target Price for AutoWallis Shares Upped to HUF 225 With Buy Ratin

MBH Investment Bank updated its analysis of AutoWallis’ shares, maintaining its buy rating for AutoWallis shares with a (12-month) target...

Telco

Magyar Telekom Announces Date for HUF 1.7 bln Share Buyback Auction

Telecommunications company Magyar Telekom on Thursday announced March 17, 2025 as the date for a HUF 1.7 billion share buyback...

Appointments

Géza Palocsay Named Managing Director of Douglas Central Europe

Géza Palocsay has been appointed managing director of Douglas Central Europe, overseeing the beauty retailer’s operations in Hungary, the Czech...

Residential

Budapest Castle District Voters Back Short-Term Rental Ban

Nearly 59% of participants in an online vote in Budapest’s District I supported a complete ban on short-term rentals, Castle...

Real Estate

Erste Real Estate Investment Fund Buys H2Offices

Skanska has agreed to sell the second phase of its H2Offices complex to Erste Open-Ended Real Estate Investment Fund, represented...

Retail

Aldi Cuts Selection and Prices, Shifts toward Stricter Discount Model

Aldi has reduced its food assortment from 2,600 to 2,100 products as part of a data‑driven cleaning process that keeps...

Business

Working for a Competitive Advantage – The Latest Issue of the BBJ

Róbert Keszte became president of the German-Hungarian Chamber of Industry and Commerce (DUIHK) in 2025. In an interview with the...

Real Estate

Investors Becoming More Selective as Markets Rebound

Commercial real estate investment across the CEE-6 markets reached EUR 5.8 billion for H1 2026 compared with EUR 5.4 bln...

Géza Palocsay Named Managing Director of Douglas Central Europe

Géza Palocsay has been appointed managing director of Douglas Central Europe, overseeing the beauty retailer’s operations in Hungary, the Czech...

Continest and Sweden’s Flexotrap Join Forces on Modular Shooting Ranges

As defense spending grows in importance across Europe following Russia’s full-scale invasion of Ukraine, local firm Continest Technologies Plc. and...

Hungary’s Housing Costs Drive Buyers Toward Garden Plots and Former Wine Cellars

Rising house prices and living costs are pushing more buyers toward properties on Hungary’s outlying garden plots and vineyard land,...

Budapest Castle District Voters Back Short-Term Rental Ban

Nearly 59% of participants in an online vote in Budapest’s District I supported a complete ban on short-term rentals, Castle...

What Might Dogs Reveal About Human Communication?

A Hungarian-led research team working out of the Department of Ethology at ELTE in Budapest is working to discover what...

Erste Real Estate Investment Fund Buys H2Offices

Skanska has agreed to sell the second phase of its H2Offices complex to Erste Open-Ended Real Estate Investment Fund, represented...

Hungary Retail Sales Rise 2.4% in August

Hungary’s retail sales volume increased 2.4% year on year in August but fell 0.7% from July, according to data from...

Hungarian EV Market Continues to Grow, Leading CEE

Electromobility in Hungary continues to grow. In the first half of the year, 7,497 new all-electric passenger cars were registered,...

GTA VI Preview Sends Hungarian Console Interest Surging

Clicks from Hungarian price comparison site Árukereső to online console retailers rose roughly sevenfold the day after the Aug. 27...

Aldi Cuts Selection and Prices, Shifts toward Stricter Discount Model

Aldi has reduced its food assortment from 2,600 to 2,100 products as part of a data‑driven cleaning process that keeps...

18,000 Truck Drivers Near Retirement, Hungary Faces Shortage

Europe currently has more than 500,000 unfilled truck‑driver positions, and another 600,000 drivers are expected to reach retirement age in...

Working for a Competitive Advantage – The Latest Issue of the BBJ

Róbert Keszte became president of the German-Hungarian Chamber of Industry and Commerce (DUIHK) in 2025. In an interview with the...

Hungary’s Industrial Producer Prices Rise 4.8% as Energy Export Prices Surge

Hungary’s industrial producer prices rose 4.8% year-on-year in August and 2.9% from July, with energy export prices climbing sharply amid...

Szentkirályi to Take Over Almdudler Distribution in Hungary From January.

Szentkirályi Magyarország is set to take over Hungarian distribution of popular Austrian herbal soft drink Almdudler on January 1, 2027....

Investors Becoming More Selective as Markets Rebound

Commercial real estate investment across the CEE-6 markets reached EUR 5.8 billion for H1 2026 compared with EUR 5.4 bln...